This is my first post!
I just wanted to look for some feedback on hard money. I'm currently looking to finance my first Foreclosure via hard money.
I was wondering how many other folks out there have taken the hard money route with purchasing properties-then doing a refi again w/another hard money lender w/cash out while holding and renting the property until ready to sell. (while using rent and equity cash out to make payments to hard lender over a 1-3yr timespan until ready to sell). My main strategy is- get foreclosures at a great deal, fix up if needed, then rent and use hard money cash out to cover monthy costs until selling market improves =)
Any feedback and/or experiences like this would be great!
Hard & Private Money